Originally posted by Howlett49:
And you can't tell me his living costs are 20 mil per. He's stacking with that kind of $ no matter where he lives
His take home would be about $10 million after state and federal taxes. That's still a lot but I have no idea what his expenses are. Does he have more than one mortgage? If so how many and how big ar ethey? Remember that these guys have a limited career and need to build a nest egg to be able to maintain their standard of living.
I know that sounds silly since most of these guys came from very humble homes but once they taste the good life, it's hard to go back to living at a lower standard. Most of them tend to overspend, just like many of us when we have a good job. It feels like the money will never end